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Access Kenya PAT rises 61.8% in H1 2013
mlennyma
#21 Posted : Friday, August 23, 2013 1:14:14 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
http://www.biztechafrica...r/6718/?section=business
"Don't let the fear of losing be greater than the excitement of winning."
mlennyma
#22 Posted : Friday, August 23, 2013 1:16:30 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Its done.
"Don't let the fear of losing be greater than the excitement of winning."
Chaka
#23 Posted : Friday, August 23, 2013 3:43:18 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
mlennyma wrote:
http://www.biztechafrica.com/article/accesskenya-takeover-official-6-september/6718/?section=business


My understanding is that the offer was closed on 15th Aug.After reading this story ,looks like the offer is still open.Why?Looks like these guys are determined to get the 90 per cent treshhold by whichever means necessary so as to compulsorily buy out the guys who did not accept the offer..
Th resolution(99.92%)passed at the EGM is not the same thing as acceptance of the offer which stood at 89% at the time of closure.

mlennyma
#24 Posted : Friday, August 23, 2013 4:19:22 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Do you think in your own common sense the willing parties can fail to cook the remaining 1% if it is 89%?by just including those who ignored and never sent proxies?
"Don't let the fear of losing be greater than the excitement of winning."
mlennyma
#25 Posted : Friday, August 23, 2013 4:38:12 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
AccessKenya also held an
Extraordinary General Meeting on
Tuesday to ask shareholders to
vote on delisting AccessKenya
from the NSE. The results
released by AccessKenya indicate
that holders of over 190,712,982
shares (99.92%) voted in favour
of the resolution, with 161,075
against
"Don't let the fear of losing be greater than the excitement of winning."
Chaka
#26 Posted : Friday, August 23, 2013 4:59:27 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
mlennyma wrote:
AccessKenya also held an
Extraordinary General Meeting on
Tuesday to ask shareholders to
vote on delisting AccessKenya
from the NSE. The results
released by AccessKenya indicate
that holders of over 190,712,982
shares (99.92%) voted in favour
of the resolution, with 161,075
against


This percentage is for the members who were present at the EGM :
If the total shareholding is taken into account,the
percentage becomes 87.5
mlennyma
#27 Posted : Friday, August 23, 2013 5:08:22 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
You must know that anybody who didnt show up is deemed to have accepted so its a done deal.
"Don't let the fear of losing be greater than the excitement of winning."
gatoho
#28 Posted : Saturday, August 24, 2013 6:18:00 AM
Rank: Member

Joined: 1/1/2010
Posts: 518
Location: kandara, Murang'a
mlennyma wrote:
You must know that anybody who didnt show up is deemed to have accepted so its a done deal.



But i filled my paperwork saying no??
Foresight..
mlennyma
#29 Posted : Saturday, August 24, 2013 11:58:50 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Take this to the bank,ak will never trade again in the nse,since they got the 75 plus 1% needed to de-list.the 90% is just made for compulsory aquisition of all shares of ak and its only dimension who can buy.you must note that shares appreciate because they trade,so its a disaster if you dont sell.
"Don't let the fear of losing be greater than the excitement of winning."
gatoho
#30 Posted : Sunday, August 25, 2013 5:00:38 AM
Rank: Member

Joined: 1/1/2010
Posts: 518
Location: kandara, Murang'a
mlennyma wrote:
Take this to the bank,ak will never trade again in the nse,since they got the 75 plus 1% needed to de-list.the 90% is just made for compulsory aquisition of all shares of ak and its only dimension who can buy.you must note that shares appreciate because they trade,so its a disaster if you dont sell.


I got in Access to stay in not to trade, so percieved value was not my aim. DD do not plan to trade, ditto yours truly. so will gladly take those divindeds and then bequeth(sp) my tiny holdings.
Foresight..
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